However, the company gets 11% of its power from neighboring Manitoba, which would be exposed to the Trump administration’s 10% tariff on electricity imports into Canada.
Minnesota, along with Michigan and New York, are at risk of getting slapped with a 25% surcharge for electricity from Ontario.
CANNON FALLS, Minn. — On the same day President Donald Trump’s 25% tariffs on imports from Canada and Mexico went into effect, Minnesota Gov. Tim Walz and Minnesota Agriculture Commissioner Thom Petersen visited a corn and soybean farm in southeast Minnesota to highlight the impact a trade war would have on the state’s farmers.
Tariffs from the Trump administration are set to go in effect on Tuesday. Canada and Minnesota do over $21 billion in trade every year.
Ontario Premier Doug Ford said that his province is prepared to add a 25% surcharge on the electricity it exports to Michigan.
Stunning new video shows a Canada lynx prowling around off northern Minnesota's Gunflint Trail. Sarah Hamilton, owner of Grand Marais' Trail Center Lodge, says the rare wild cat was roving around her snow-covered deck on Sunday afternoon, seemingly unconcerned with her dog's barking.
Canadian leaders have pledged retaliatory efforts against tariffs imposed by President Trump, such as blocking electricity exports.
Minnesota companies were assessing the damage Tuesday of the nascent trade war between the United States and its three biggest trade partners, an escalating tit-for-tat that could affect billions of dollars in state imports and exports.
Ontario is levying a 25% export tax on electricity and has threatened to cut off electricity sales to the U.S. completely if Trump moves forward with another round of tariffs on April 2.